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Simple Ways to Create Passive Income

Passive income is defined as income that requires minimal effort or perhaps even zero effort to earn.  It's a “work smarter, not harder” situation. There are some of the easiest passive income ideas.

1. Open a High-Interest Savings Account

If you are afraid of investing, there's a chance you have a decent chunk of change saved in a checking or savings account. Saving money is always a good thing.

2. Become an “Angel”

Angel investing is a high-risk, high-reward proposition. Angel investing also provides a path to equity ownership in an eventual global company's infantile stages.

3. Put Your Real Estate to Work

Utilizing your real estate is a great way to turn your property into rental income. You don't have to buy a rental property, use what you already own!

4. Renting Your Car

If you have a second car sitting around or have begun to bike to work and no longer need the vehicle daily, this might be the perfect way to start generating some passive income.

5. Run a Site with Display Ads

Some websites sell digital products. But most common is to rely on advertising revenue as their primary source of building a passive income.

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